Please do not leave this page until complete. This can take a few moments.
CVS Health, which is seeking state regulatory approval of its $69 billion acquisition of Aetna, just made some big promises to Hartford.
CVS says it will keep Aetna’s headquarters in Hartford for 10 years, keep staffing levels at approximately 5,291 employees for at least four years, and honor Aetna’s previous promise to donate millions of dollars to help the city of Hartford stabilize its finances. It says it would honor those promises, barring a sale of the company.
The pledge comes just before the Connecticut Insurance Department is set to hold a public hearing Thursday morning related to the deal. CVS delivered its list of promises along with other hearing-related materials on Wednesday to CID.
Aetna, Travelers and The Hartford delivered on the first installment of their combined $50 million pledge in July.
In a statement, Gov. Dannel P. Malloy praised the company’s promises, calling “another positive step” for the city and region.
“Hartford has been Aetna’s home since 1853 and I am thrilled that the capital city will remain the company’s home for the foreseeable future,” Malloy said. “CVS Health is a strong corporate partner for the city and state, and we welcome this long-term commitment.”
Aetna is still awaiting federal antitrust approval of the deal.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments