Connecticut Gov. Malloy Issues Statement on Approval of CVS-Aetna Merger

HARTFORD, Connecticut, Oct. 17 -- Gov. Dannel P. Malloy, D-Connecticut, issued the following statement regarding the approval by the Insurance Department of the merger between CVS Health and Aetna:

"Today's approval means that Aetna will continue to call Connecticut its home for many years to come. CVS Health has an incredible record of corporate stewardship, and we welcome their leadership and commitment to keeping Hartford a center of excellence for the insurance business.

"The state is committed to continuing to work with CVS Health's leadership team to facilitate the growth of their presence here and support the thousands of jobs that they bring to our communities.

"I thank Insurance Commissioner Wade for her steadfast commitment to negotiating the best terms and conditions for the people of Connecticut."

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Earlier this month, CVS Health notified the state of the company's pledge to keep Aetna's headquarters in Hartford for at least the next ten years, maintain its current staffing levels in the state for at least the next four years, and honor existing philanthropic agreements.