CVS says it will keep Aetna in Hartford

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CVS says it will keep Aetna in Hartford

Aetna will be staying in Hartford, according to CVS officials on Friday.

But those plans were put on hold after CVS Health Corp. said in December that it was buying Aetna for $69 billion in a deal that would help the drugstore chain reach deeper into customer health care and protect a key client.

CVS Health will also continue to be headquartered in Rhode Island.

CVS officials have declined to comment about their plans for Aetna's CT operations, referring questions to Aetna, where spokesman T.J. Crawford today said only that all of his company's locations "will be evaluated" as part of the merger planning process.

CVS' chief executive Larry Merlo met with Hartford Mayor Luke Bronin at city hall Thursday.

New York City economic development officials said they were rescinding a previous offer of some $9.6 million in tax breaks. 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. At that time, Aetna said all of its locations would be evaluated as part of the merger.

Crain's New York Business reported earlier this week that the incentive package used to lure Aetna to New York was falling apart.

The insurer last summer announced plans to relocate its headquarters to New York City, in what would have been yet another blow to Connecticut's economy and its civic pride.

CVS confirmed to Channel 3 that the company has "no plans to relocate Aetna's operations from Hartford". "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.

"New York City's decision to rescind its package to attract Aetna to Manhattan allows CT to welcome back the headquarters of a firm that has been here for over 160 years", Cadden said. Unfortunately, the repositioning of a corporate headquarters is a zero-sum game where one location's gain is another location's loss. He also referred to Connecticut's continuing state budget woes.

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