Oracle Is Moving Its Global Headquarters To Nashville
In a media interview, Oracle chief executive officer (CEO) Larry Ellison said that Nashville is โโฆthe centre of the industry weโre most concerned about, which is the healthcare industry.โ
The move to Nashville will be Oracleโs third major relocation in nearly as many years. In 2020, the company moved its headquarters from Silicon Valley to Austin, Texas.
Oracle continues to push into the healthcare sector, paying $28 billion U.S. to acquire medical records software company Cerner.
Nashville is widely viewed as the epicentre of the U.S. healthcare sector and is home to a vibrant network of health systems, start-up companies and investment firms.
Oracle is currently developing a new $1.2 billion U.S. campus in Nashville with plans to relocate in about a year.
The stock of Oracle has risen 21% over the past 12 months and currently trades at $115.09 U.S. per share.
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