CVS Will Keep Aetna In Hartford After Deal


At that time, Aetna said all of its locations would be evaluated as part of its integration with CVS.

A spokesman for CVS Health confirmed Friday that it will keep Aetna in Hartford and make the city one of the pharmacy giant's "centers of excellence", where it locates major operations of its business lines.

We were in Hartford yesterday and met with the Mayor.

At the time that Aetna announced its decision to leave Hartford, where it has been based since 1853, the insurer said it chose to move to NY to tap a more robust pool of talent as it sought to reposition itself as a consumer-oriented health company.

"Today's announcement confirms that CT is a tremendous place to do business, with a talent pipeline and quality of life that are second-to-none", Malloy said.

"My administration will continue to work with CVS Health's leadership team to ensure that their footprint in Hartford is maintained not only for the short-term, but in the long-run as well", Malloy said.

That was due in part to uncertainties about Aetna's plans after CVS Health in December announced its plan to acquire the insurance company for $69 billion.

On Wednesday, New York Mayor Bill de Blasio's administration canceled the $9.6 million incentive package it offered Aetna to relocate its headquarters to the city.

Aetna had said it planned to move over 200 senior executives to New York City in order to tap into a larger tech talent pool.

Aetna traces its roots in Hartford to the 1800s.

"New York City's decision to rescind its package to attract Aetna to Manhattan allows CT to welcome back the headquarters of a firm that has been here for over 160 years", Cadden said.

U.S. Sen. Richard Blumenthal (D-CT) released a statement on the announcement.

CVS Health Corp. said Friday it has "no plans" to move Aetna from Connecticut's capital city, reversing last year's announcement by the insurance giant that it would move headquarters to another state after almost two centuries in Hartford.

The reversal is a win for CT, which has lost other corporate residents in recent years and has been struggling with budget shortfalls and declining population.

"Aetna staying CT is good for both us and them", said Murphy.