CEDU was purchased by a firm, Brown Schools. All the CEDU schools were closed abruptly in March 2005. The employees were not paid for the last 2 weeks' work.
The schools are all in remote locations and the parents were faced with huge problems in retrieving their children.
http://lizditz.typepad.com/i_speak_of_drea...a_timeline.html
The other large chain of schools offering this type of "education" is Aspen:
http://www.aspeneducation.com/closing.html