CVS: "No plans to relocate Aetna"

Robotic-Guided Spine Surgery Gives One Woman Her Life Back

But CVS Health's $69 billion deal to buy Aetna threw the insurer's relocation plans into jeopardy.

Those plans were complicated once Aetna agreed to be acquired by CVS in early December.

The statement came the day after CVS officials met with Hartford Mayor Luke Bronin and Gov. Dannel P. Malloy, both Democrats, and days after New York City halted a $9.6 million incentive package to lure Aetna.

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".

CVS Health Inc said on Friday that it plans to keep Aetna Inc's headquarters in CT after it completes its $69 billion acquisition of the USA health insurer.

He said he would advocate for Hartford with CVS Health leaders "to build a strong working partnership".

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The announcement comes only days after it was reported that NY city officials pulled the plug on a $9.6 million incentive package to Aetna, which had pledged to move its headquarters from Hartford to Manhattan.

"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 in a statement on Friday. "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".

But so far, Aetna has refused to confirm whether it's still committed to the NY move, and the city's announcement didn't change that stance. That had been part of a $35 million package offered jointly by the city and the state of NY. It traces its roots in Hartford to 1819.

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.

But that plan was cast into doubt as the insurer reached a merger agreement with Rhode Island-based pharmacy chain CVS. "But I'm hopeful this decision is a sign that the company's new, permanent leadership will have their priorities straight once again", Murphy said in a statement on Friday.

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

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