Oracle Chairman Larry Ellison mentioned Tuesday that the corporate is shifting its world headquarters to Nashville, Tennessee, to be nearer to a significant health-care epicenter.

In a wide-ranging dialog with Invoice Frist, a former U.S. Senate Majority Chief, Ellison mentioned Oracle is shifting a “enormous campus” to Nashville, “which is able to finally be our world headquarters.” He mentioned Nashville is a longtime well being heart and a “fabulous place to stay,” one which Oracle staff are enthusiastic about.

“It is the middle of the trade we’re most involved about, which is the health-care trade,” Ellison mentioned.

The announcement was seemingly spur-of-the-moment. “I should not have mentioned that,” Ellison instructed Frist, a longtime health-care trade veteran who represented Tennessee within the Senate. The pair spoke throughout a hearth chat on the Oracle Well being Summit in Nashville.

Shares of Oracle have been largely flat in prolonged buying and selling Tuesday.

Oracle moved its headquarters from Silicon Valley to Austin, Texas, in 2020. The corporate has been making a significant push into well being care in recent times, most notably with its $28 billion acquisition of the medical information software program big Cerner. Ellison mentioned Tuesday that Oracle is comparatively new to the health-care sector, however he believes the corporate has a “ethical obligation” to unravel issues dealing with the trade.

Nashville has been a significant participant within the health-care scene for many years, and town is now dwelling to a vibrant community of well being techniques, startups and funding corporations. The town’s fame as a health-care hub was catalyzed when HCA Healthcare, one of many first for-profit hospital firms within the U.S., was based there in 1968.

HCA helped entice troves of health-care professionals to Nashville, and different organizations rapidly adopted swimsuit. Oracle has been creating its new $1.2 billion campus within the metropolis for about three years, in line with The Tennessean. 

“Our individuals adore it right here, and we predict it is the middle of our future,” Ellison mentioned.

Oracle didn’t instantly reply to CNBC’s request for remark.