Oracle Moves World Headquarters to Nashville: Tech Giant Sees Health-care Industry as Key Growth Sector

During the Oracle OpenWorld 2017 conference in San Francisco on October 3, 2017, Larry Ellison, co-founder and chairman of Oracle, revealed that the company plans to move its world headquarters from Silicon Valley to Nashville, Tennessee. In a conversation with former U.S. Senate Majority Leader Bill Frist, Ellison shared that this move is to bring the company closer to a major health-care epicenter. He explained that Oracle plans to transfer a “huge campus” to Nashville, which will eventually become their world headquarters.

Ellison highlighted that Nashville is the hub of the health-care industry, which is of significant interest to Oracle. This announcement was somewhat spontaneous, with Ellison admitting, “I shouldn’t have said that,” during the conversation with Frist. The pair spoke during the Oracle Health Summit in Nashville. While the news of Oracle’s headquarters move to Nashville had an impact, shares of the company remained mostly flat in extended trading.

In 2020, Oracle moved its headquarters from Silicon Valley to Austin, Texas and has been focusing on expanding its presence in the health-care sector. Ellison expressed that despite being relatively new to health care; it considers it a moral obligation to help address challenges within the industry. The thriving network of health systems and investment firms in Nashville makes it an ideal location for Oracle’s new $1.2 billion campus. Over three years ago they started developing this campus in Nashville and Ellison showed confidence in Nashville being the center of Oracle’s future. CNBC reached out to Oracle for further comment but did not receive an immediate response