CVS Says There Are No Plans to Move Aetna from Hartford

Days after reports that a $9.6 million incentive package offered to Aetna to move its headquarters from Hartford to New York City was revoked CVS said it has no plans to move the company from Connecticut’s capital city.

Rhode Island-based CVS acquired Aetna in December and said in a statement that officials from the company were in Hartford yesterday and met with Mayor Luke Bronin.

“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. We have no plans to relocate Aetna’s operations from Hartford and, in fact, view Hartford as the future location of our center of excellence for the insurance business,” the statement from CVS says.

Gov. Dannel Malloy also issued a statement, saying he is “thrilled that CVS has confirmed that Aetna will continue to call Hartford home.”

“Today’s announcement confirms that Connecticut is a tremendous place to do business, with a talent pipeline and quality of life that are second-to-none. 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,” Malloy said in a statement.

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