CVS pledges to keep Aetna in Hartford for at least 10 years

On Wednesday, CVS Health reassured Connecticut insurance regulators that Aetna will stay in Hartford for at least another decade. Additionally, CVS said the number of personnel at Aetna and its subsidiaries in Connecticut will hold at about 5,300 for least 4 years following the completion of the $69 billion merger deal.

On Wednesday, CVS Health reassured Connecticut insurance regulators that Aetna will stay in Hartford for at least another decade. Additionally, CVS said the number of personnel at Aetna and its subsidiaries in Connecticut will hold at about 5,300 for least 4 years following the completion of the $69 billion merger deal. The acquisition must still be cleared by federal regulators, and the Connecticut Insurance Department is holding a hearing this week to request public comment. CVS said it will honor Aetna's promise to help the city of Hartford with a $50 million contribution over 5 years—an offer the insurer made last year with The Hartford Financial Services Group and The Travelers Cos.—and it will continue to honor the civic contributions of the Aetna Foundation at or above current levels. Gov. Dannel P. Malloy noted Hartford "will continue to emerge as a hub for business, and Aetna's continued presence is the economic backbone for long-term success."