venture life group plc shares rose thursday after the company said it bought manufacturer hl healthcare ltd for 13 million pounds 157 million and that it expects to deliver 2022 results in line with market views shares at 0816 gmt were up 25 pence or 94 at 290 pence the uk manufacturer of consumercare products said the acquisition brings three new earnosethroat brands to its portfolio which are sold directly to wholesalers and retailers in the uk and to licensing partners internationally the acquisition will be settled through an initial cash consideration of gbp80 million gbp30 million contingent consideration based on revenue performance and the issue of a gbp20 million subordinated loan note all funded from existing resources venture also said it signed a new longterm distribution agreement with blau farmaceutica in brazil for the gelclair product a fiveyear distribution agreement for gelclair in vietnam and a fiveyear distribution agreement for balance activ in ireland the company said it remains confident it will deliver revenue and adjusted earnings before interest taxes depreciation and amortization in line with market views but didnt provide any figures in 2021 it reported revenue of gbp328 million and adjusted ebitda of gbp66 million