Monday, 22 October, 2018


CVS spokesperson: Aetna is staying in Hartford

CVS spokesperson: Aetna is staying in Hartford CVS spokesperson: Aetna is staying in Hartford
Conrad Doyle | 12 January, 2018, 21:30

CVS confirmed to Channel 3 that the company has "no plans to relocate Aetna's operations from Hartford". CVS Health will continue to be headquartered in Woonsocket, Rhode Island.

CVS' chief executive Larry Merlo met with Hartford Mayor Luke Bronin at city hall Thursday.

NY officials have withdrawn a $9.6 million incentive package offered to Aetna Inc.to move its corporate headquarters from Hartford to Manhattan.

"I shared my view of the Hartford region, its tremendous talent pool, depth of experience in insurance, that this the ideal place for them to keep and grow the center of their insurance operations", Bronin said.

Aetna is the nation's third-largest health insurer.

Aetna announced previous year it would move its headquarters to New York City beginning in late 2018 after almost two centuries in Hartford. News of the headquarters moving was seen as a blow to CT. At that time, Aetna said all of its locations would be evaluated as part of the merger.

New York City economic development officials said they were rescinding a previous offer of some $9.6 million in tax breaks. Its planned move followed by just 18 months the announcement of General Electric Co. that it will relocate to Boston.

Aetna appears to be staying in Hartford, according to the Hartford Courant. That had been part of a $35 million package offered jointly by the city and the state of NY.

Aetna, which is the third-largest health insurer in the country, employs more than 5,000 people in CT, where it has been based since 1819.

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