Oracle Corp. plans to make Nashville its “world headquarters” to be closer to a significant healthcare hub, reflecting the software giant's ambitions within the industry.
At the corporate's healthcare summit in Nashville on Tuesday, Chief Executive Larry Ellison said Oracle is developing a healthcare campus in town that may “ultimately be our global headquarters.” Nashville's status as a medical institution makes it attractive, Ellison said in a conversation with Bill Frist, a physician and former U.S. Senate majority leader, on the conference.
Oracle, best known for its database technology, moved its headquarters from Silicon Valley to Austin, Texas, in 2020, saying the move would offer employees more flexibility. Even after the move, the corporate continues to have a big worker base in California.
Since then, Oracle has shifted its focus to the healthcare industry, buying electronic health records company Cerner for $28 billion. Oracle “will now be at the heart of the next generation of healthcare,” Ellison said in December 2022.
Nashville has attracted businesses from across the U.S. in recent times attributable to its relatively low-cost cost of living, low taxes and government incentives. Asset manager AllianceBernstein announced its move from New York to the state capital of Tennessee in 2018 after evaluating 30 cities on criteria including housing, education and weather.
Norman Foster, a world-renowned architect whose firm is understood for Apple Inc.'s headquarters in Cupertino, Calif., is designing the campus along a river in Nashville, Ellison said. “It’s the center of our future,” Ellison said of town. He appeared to regret disclosing his intention to make Nashville his headquarters, saying, “I shouldn't have said that.”
–With support from Pierre Paulden.
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