CVS pledges to keep Aetna headquarters in Hartford for next 10 years

Health

CVS Health Corporation has pledged to keep Aetna’s headquarters in Hartford for at least 10 more years.

The company made the announcement on Wednesday.

Governor Dannel Malloy applauded the decision, saying, “…Today’s news is yet another positive step for Hartford and the capital region, coming on the heels of several major jobs announcements in the past year. I am confident that the city will continue to emerge as a hub for business, and Aetna’s continued presence is the economic backbone for long-term success…”

Wednesday’s commitment letter also promises employee levels at Aetna will remain at approximately 5,291 for at least the next four years. CVS also will continue to honor civic contributions of the Aetna Foundation and a promised $50 million payment to the city of Hartford over five years.

Hartford Mayor Luke Bronin released a statement Wednesday night, praising the decision:

Today Mayor Luke Bronin released the statement below after CVS Health announced it would keep its insurance business headquartered in Hartford for at least ten years, maintain staffing levels for at least four years, maintain its civic commitments, and continue Aetna’s pledge to be part of a long-term, sustainable solution to Hartford’s fiscal crisis.

“Aetna’s Hartford presence and partnership are vital to the City of Hartford, and CVS Health’s commitment to maintaining its insurance headquarters, employees, and civic engagement in Hartford for years to come is a huge win for the Capital City and for Connecticut as a whole.  There’s strong economic development momentum in Hartford today, and we look forward to working together with CVS Health in the months and years ahead as it becomes part of the Hartford community.  I’m grateful to CVS Health CEO Larry Merlo, as well as to the senior team at Aetna, for making this significant commitment to Hartford.”

Aetna was founded in 1853 and has long called Hartford home.

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