The deal is worth roughly $2.8 billion.
In general, physicians believe that information provided by pharma companies is difficult to find and lacking in science.
This and other changes in the market have created demand for new offerings, like mobile-friendly sites, video, and patient communities.
Bayer, Eli Lilly, GlaxoSmithKline, and Sanofi have suspended advertising on the show, according to news reports.
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Drugmakers are becoming much more cautious with their budgets, WebMD executives said.
The company acquired Everyday Health in December.
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A recent CME course using Facebook Live generated 34,000 views and 600 comments.
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Drugmakers can do a better job of organizing dosing information, safety information, and clinical data on their brand websites, a new survey found.
The partnership allows Sermo to expand the reach of its research initiatives and Everyday Health to scale its targeted advertising on the social platform.
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The companies said they are also exploring opportunities to allow Cleveland Clinic experts to contribute to Verywell in the future.