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8 <br />•PACE is funded by Medicare and Medi-Cal; <br />weathered cutbacks and changes over 45 years <br />•Basing our growth strategy on market need <br />•Rapid ramp-up –leasing, not building <br />•Capital expenditures are covered by operating <br />efficiencies, borrowing, and philanthropic support <br />•CEI has saved the money to finance our new center <br />•Strategic partnerships, i.e. Housing, alternative care <br />sites, leveraging services <br />CEI’s Strategy –Grow!