CVS To Keep Aetna In Hartford

CVS To Keep Aetna In Hartford

But those plans were put on hold after CVS Health Corp. said in December that it was buying Aetna for $69 billion in a deal that would help the drugstore chain reach deeper into customer health care and protect a key client.

Castel said in an email to Channel 3 that they "view Hartford as the future location of our center of excellence for the insurance business".

Carolyn Castel, who is the vice president for corporate communications for CVS Health, said CVS officials met with the mayor of Hartford on Thursday and they chose to not move Aetna's operations from Connecticut's capital city.

Five months earlier, Aetna said it would move to New York City in search of high-tech workers.

Bronin said it is crucial to position CT to compete to retain as many jobs in the merger and build a foundation for growth. At that time, Aetna said all of its locations would be evaluated as part of the merger.

NY officials seem to think Aetna's changed its mind, saying the incentive package was withdrawn because the relocation is not moving forward.

Aetna traces its roots in Hartford to 1819.

In June, New York City and State officials said they would provide Aetna with incentive packages, including tax breaks, worth about $35 million over 10 years. He also rapped CT over its lengthy state budget impasse and fiscal uncertainty.

Aetna appears to be staying in Hartford, according to the Hartford Courant.

When he asked who wants to relocate to New York City, "everybody's hand went up", he said.

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