CVS says it will maintain Aetna's Hartford headquarters

Henrietta Strickland
January 13, 2018

CVS Health says they have no plans to relocate Aetna out of Hartford and view the city as the future location for the insurance business.

CVS Health announced in December that it was buying Aetna. Aetna told WNPR in an email, "all Aetna locations will be evaluated as part of the integration planning process". It is important to understand that while CVS Health will continue to be headquartered in Rhode Island, we also operate a number of large corporate hubs, or centers of excellence, in other states, including Arizona, Illinois and Texas.

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.

NY officials seem to think Aetna's changed its mind, saying the incentive package was withdrawn because the relocation is not moving forward. The move would have affected 250 jobs, the company said.

Friday's statement comes days after New York City halted a $9.6 million incentive package. The insurer had planned to move into a 170,000-square-foot Chelsea building developed by Vornado Realty Trust and Aurora Capital Associates. 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.

Other reports by Click Lancashire

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