Economy

CVS: "No plans to relocate Aetna"

CVS:

CVS Health Corp., which is buying Aetna, said Friday it will not relocate Aetna from Hartford. CVS Health will continue to be headquartered in Woonsocket, Rhode Island.

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 made a decision to not move Aetna's operations from Connecticut's capital city.

On Wednesday, New York Mayor Bill de Blasio's administration canceled the $9.6 million incentive package it offered Aetna to relocate its headquarters to the city.

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

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A spokesperson for the New York City Economic Development Corporation said they couldn't move forward with the incentive package because CVS couldn't positively affirm the move was still happening.

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

Aetna has inked a lease to occupy a new building in lower Manhattan, committing to move 250 headquarters workers to the site from Hartford. News of the headquarters moving was seen as a blow to CT. Aetna told WNPR in an email, "all Aetna locations will be evaluated as part of the integration planning process".

Aetna appears to be staying in Hartford, according to the Hartford Courant. He also rapped CT over its lengthy state budget impasse and fiscal uncertainty. "It's more about quality of life".


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