CVS to keep Aetna in Hartford

CVS to keep Aetna in Hartford

CVS to keep Aetna in Hartford

CVS Healthcare will keep Aetna Inc.'s operations in Hartford after it acquires the insurance company, a CVS official said Friday.

An Aetna spokesman said Friday that the company is still reviewing which locations it will keep, and whether it will open some sort of office in NY.

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.

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"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", said David Palombi, senior vice president and chief communications officer at CVS Health.

"We had a good discussion about CVS Health's commitment to community and proud history as a New England-based company - as well as Aetna's history in Hartford", Bronin said Friday.

NY officials seem to think Aetna's changed its mind, saying the incentive package was withdrawn because the relocation is not moving forward.

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Aetna had said it planned to move over 200 senior executives to New York City in order to tap into a larger tech talent pool. Aetna said at the time the merger was announced that all of its locations would be evaluated as part of its integration with CVS.

That's when pharmacy giant CVS purchased Aetna, raising questions about Aetna's future location plans. "I will continue to urge close scrutiny from DOJ and other enforcement bodies to ensure the proposed Aetna-CVS merger provides consumers with greater choices and competition and spurs economic development in our state", Blumenthal said in a statement on Friday.

David Cadden, a business professor at Quinnipiac University, said the announcement gives CT an opportunity to change its image as a business unfriendly environment.

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"We had a preliminary agreement that still needed formal approval, and we can't get that approval if they can't positively affirm to us that the relocation is happening", said Stephanie Baez, a spokeswoman for the New York City Economic Development Corp.

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