In recent years, Oracle has been focusing on the health care industry, with founder Larry Ellison calling it the center of their concerns. This announcement came unexpectedly and was later admitted by Ellison to have been made impulsively. Shares of Oracle remained relatively unchanged in extended trading following the announcement. The company relocated its headquarters from Silicon Valley to Austin, Texas in 2020 as part of its efforts to expand its presence in the health care sector.
In Nashville, a prominent player in health care for decades, Oracle has been making significant investments. The city’s reputation as a health care hub dates back to the founding of HCA Healthcare in 1968, which attracted many health care professionals and organizations to the area. Oracle has been developing a $1.2 billion campus in Nashville over the past three years, indicating its commitment to establishing a strong presence in the city.
Ellison expressed enthusiasm for Nashville, calling it the center of Oracle’s future. Despite the significance of this announcement, Oracle did not provide immediate comments when asked by CNBC for more information.