CVS to keep Aetna in Hartford

CVS to keep Aetna in Hartford

CVS Health Corp., which is buying Aetna, said Friday it will not relocate Aetna from Hartford.

Aetna traces its roots in Hartford to the 1800s.

Once the merger is complete, Hartford will be considered the "corporate hub" for the insurance business, rather than Aetna's headquarters, Mr. Palombi said.

Malloy took Friday's announcement by CVS as confirmation that CT is a "tremendous place to do business" with talented workers and a good quality of life. "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". That had been part of a $35 million package offered jointly by the city and the state of NY.

New York City economic development officials said they were rescinding a previous offer of some $9.6 million in tax breaks. At that time, Aetna said all of its locations would be evaluated as part of the merger.

The insurer last summer announced plans to relocate its headquarters to New York City, in what would have been yet another blow to Connecticut's economy and its civic pride.

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"Aetna's home has been in Hartford since 1853".

The Malloy administration is not offering CVS any incentives to keep Aetna's headquarters in Hartford, according to a source familiar with the situation. "I fully commend CVS for making the decision to keep Aetna in the great city of Hartford", Rep. John B. Larson (CT-01) said in a statement on Friday.

"Aetna's continued presence in Hartford is welcome news for the thousands of CT residents who depend on the company as a pillar of economic and community support, and a good omen for the city", said Blumenthal.

NY officials have withdrawn a $9.6 million incentive package offered to Aetna Inc.to move its corporate headquarters from Hartford to Manhattan. "Let's hope that CT can capitalize and begin to attract and retain businesses in the state".

"Aetna staying CT is good for both us and them", said Murphy. In a statement Wednesday night, the company said it didn't have anything else to add to that.

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