Will Aetna relocate its headquarters?

Hartford, Conn.-based Aetna is being courted by other cities, according to the Hartford Courant.

Despite reports and documents claiming Boston and other cities have approached Aetna about a headquarters relocation, the insurer has declined to comment specifically on the issue. "We remain headquartered in Hartford, and we're committed to our employees here, who are an important part of our future," said Aetna spokesman T.J. Crawford, according to the Boston Business Journal.

However, in January, Aetna CEO Mark Bertolini said the insurer has "made a commitment to only one community as the location for the most important part of our business, and that's Louisville," the headquarters of Humana.

Approximately 6,000 of the insurer's 50,000 employees work in Connecticut.

Meanwhile, Connecticut officials are attempting to convince the insurance giant to stay. "We're going to work very hard [to ensure] that Aetna remains a large presence here in the state," said Connecticut Department of Economic and Community Development Commissioner Catherine Smith, according to the report. "We definitely want them to remain headquartered here."

Hartford Mayor Luke Bronin agreed, claiming he has "been in regular contact with Aetna's leadership, including meeting with CEO Mark Bertolini," according to the report.

This isn't the first time a Connecticut company has been persuaded out of the state. In January, Fairfield, Conn.-based General Electric announced it was moving its headquarters to Boston, according to The Wall Street Journal.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Top 40 articles from the past 6 months