During a recent interview, Oracle founder Larry Ellison emphasized the company’s focus on the health care industry, calling it the center of their concerns. The announcement seemed to be made spontaneously, with Ellison later admitting to Senator Bill Frist that he maybe shouldn’t have said it. Shares of Oracle remained relatively unchanged in extended trading following the announcement.
In 2020, Oracle relocated its headquarters from Silicon Valley to Austin, Texas, as part of its efforts to expand its presence in the health care sector. In recent years, Oracle has made significant investments in health care, highlighted by its acquisition of Cerner for $28 billion. Ellison acknowledged that Oracle is relatively new to the health care industry but believes the company has a moral obligation to address the challenges facing the sector.
Nashville has long been a prominent player in health care, boasting a network of health systems, startups, and investment firms. The city’s reputation as a health care hub dates back to the founding of HCA Healthcare in 1968, which attracted a wave of 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 in response to CNBC’s request for more information about this expansion plans.
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