Oracle to move its headquarters to Nashville
Oracle Chairman Larry Ellison announced on Tuesday that the company is relocating its world headquarters to Nashville as part of a strategic move aimed at being closer to the epicenter of the healthcare industry. The move follows the tech giant’s previous relocation from Silicon Valley to Austin, Texas.
Ellison revealed the plans during a fireside chat with former U.S. Senate Majority Leader Bill Frist at a health care summit in Nashville — and immediately expressed regret over his premature announcement.
“Wait, wait. I shouldn’t have said that,” Ellison told Frist after praising Nashville as a “fabulous place to live” and mentioning that many Oracle employees are enthusiastic about the impending move.
Ellison emphasized that Nashville’s deep ties with the healthcare industry match Oracle’s primary area of interest. The company acquired the medical records software behemoth Cerner Corp. for $28 billion just two years ago.
In 2020, Ellison, the billionaire co-founder of Oracle and a Trump supporter, orchestrated the company’s departure from its Redwood City headquarters, where it was founded in 1977, to its Austin campus, citing more affordable housing, less regulation and a more favorable political climate.
Oracle OpenWorld, the company’s major 60,000-person conference, also moved out of San Francisco for Las Vegas.
Nashville, where Oracle broke ground on a 60-acre $1.2 billion campus in 2021, is recognized as one of America’s healthcare industry hubs due to the presence of leading companies such as HCA Healthcare Inc. (founded by Frist’s family) and HealthStream, along with numerous related startups and investment firms.
“Our people love it here, and we think it’s the center of our future,” Ellison said.