Oracle's Larry Ellison announces plans to move world headquarters to Nashville

Oracle founder Larry Ellison announced Tuesday that he plans to move the software giant’s corporate headquarters to Nashville, Tennessee, which he added is at the center of the healthcare industry.

Ellison sat down with former Senate majority leader Bill Frist for an onstage conversation in Nashville, which was shared by Oracle Health on the social media platform LinkedIn on Tuesday.

The founder and executive chairman told Frist his company was moving its "huge campus" to Nashville, and it will "ultimately be our world headquarters."

"I shouldn’t have said that," Ellison quickly said, but there was no turning back because he disclosed information on his company’s future.