Oracle founder Larry Ellison has announced that he plans to move the software giant’s corporate headquarters from Kansas to Nashville.
During an onstage conversation with former Senate Majority Leader Bill Frist, the 79-year-old confirmed plans for the company to relocate to Tennessee.
In 2020, the company moved its headquarters from Silicon Valley in California to Austin, Texas.
Ellison said the decision was based on a push by the company to gain a greater presence in the healthcare industry.
The announcement was apparently improvised, with Ellison telling Frist, “I shouldn’t have said that.”
During an onstage conversation with former Senate Majority Leader Bill Frist, the 79-year-old confirmed plans for the company to relocate to Tennessee.
According to a 2021 report from The Tennessean, the company paid $254 million for just over 60 acres of riverfront property in Nashville.
Ellison said, “It’s the center of the industry we’re most concerned about, which is the health care industry.”
‘It’s a great place to raise a family. It has a unique and vibrant culture. As we surveyed our employees, a large number of employees, Nashville ticked all the boxes.
‘We want to be part of the community. Our people love it here. And we believe it is the center of our future.”
Oracle has been making inroads into the healthcare sector of late, most notably when it acquired medical records software giant Cerner for $28 billion.
Ellison said that while the company is new to the health care sector, he believes it has a “moral obligation” to solve problems in the area.
According to a report by The Tennessee In 2021, the company paid $254 million for just over 60 acres of riverfront property in Nashville.
Oracle will become one of the few large corporations to be headquartered in the city, although Amazon already has a significant presence.
Nashville has been a major part of the American healthcare scene for years and is home to a network of health systems, startups, and investment firms.
In 2020, the company moved its headquarters from California to Austin, Texas, as seen here.
Ellison said that while the company is new to the health care sector, he believes it has a “moral obligation” to solve problems in the area.
Its reputation as a healthcare facility emerged when HCA Healthcare, one of the country’s first for-profit hospital companies, was founded there in 1968.
Oracle was founded in Santa Clara, California, in 1977 and was headquartered in Redwood City.
After moving to Texas, the company said its relocation was due to an effort to have a more flexible workforce.
The Tennessean reported that the move to Nashville is expected to create 8,500 new jobs by the end of 2031.
The project is also expected to generate nearly 11,500 ancillary jobs and 10,000 temporary positions during construction.
Designer Norman Foster, who worked with Apple to create its Apple Park in Cupertino, California, will design Oracle’s campus, according to Fox.
Ellison’s son David is being considered a leading contender to acquire entertainment giant Paramount Global.
The younger Ellison, owner of Skydance Media, set himself apart by establishing himself as a successful media mogul.
Skydance Media is now poised to take over the brand, which includes assets such as CBS, MTV and a national movie theater chain, according to the LA Times.